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Global market for oil & gas contractors to hit $1 trillion in 2025

Norway-based Rystad Energy says it expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafter. Helped by strong growth in the...

Texan fluid solutions provider launches tech in Guyana offshore market

Impact Fluid Solutions, a provider of advanced oilfield additives designed to tackle complex wellbore issues, said it is availing its products to operators in Guyana.  Impact’s offerings include its FLC® drilling fluid additives and SHIELD BOND® cement spacer system, built...

Qualco partners with three Guyanese companies to offer expanded oil and gas services

Quality Companies LLC, with its local affiliate Qualco Guyana, has joined forces with three Guyanese companies – HHSL Safety Systems Guyana Inc., Nexus Machining & Fabrication and Latitude Geospatial – to increase its service offers to Guyana’s nascent oil...

Exxon’s new US$160M Guyana base to feature state-of-the-art offshore command centre

An offshore command centre is being built within ExxonMobil Guyana’s new operating base, currently under construction at Ogle, East Coast Demerara. Its President, Alistair Routledge told a news conference on Feb. 9 that the building – which recently gained the...

FID on Guyana gas project will follow revision of Liza license – Exxon

ExxonMobil is gearing up to commence construction on the Gas-to-Energy pipeline and associated infrastructure for the Gas-to-Energy project in Guyana as soon as all regulatory hurdles are cleared. President of ExxonMobil Guyana, Alistair Routledge said the company submitted revisions to...

Trinidad kicks off negotiations with Venezuela for Dragon Gas Deal

Trinidad and Tobago’s Minister of Energy, Stuart Young is leading a team to Caracas, Venezuela to kick off negotiations with the Bolivarian Republic for the Dragon gas deal. According to TT media reports, Young is being supported by Trinidad’s Venezuelan...

Exxon cops OTC award for Liza developments offshore Guyana

The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso Exploration and Production Guyana Limited’s Liza Developments in the offshore Stabroek Block. OTC said Liza Phase 1 was “one of the...

The Oil & Gas Sector: Implications For Agriculture Being More Than Food On The Table

By Dr H. Arlington Chesney - OilNOW An integrated and holistically conceptualised oil and gas sector could assist in developing a transformed and modernised Guyana and regional agriculture and contribute to regional food security. It could thus again be a...

Stabroek co-venturer CNOOC looking for onshore caterers

CNOOC Petroleum Guyana Limited (CPGL) is preparing to tender for onshore catering services (Chinese cuisine) in support of its activities in Guyana. In a notice, CGPL said the bidding process will be twofold: a pre-qualification round (RFI) and a proposal...

Rapid oil and gas expansion pushes revision of Guyana National Land Use Plan

Guyanese authorities are in the process of revising the National Land Use Plan in an effort to efficiently streamline the increasing need for shore bases and other oil and gas support facilities.  This is outlined in the Environmental Impact Assessment...

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Global upstream sector could generate $495B cash windfall this year, Wood Mackenzie says 

The global upstream oil and gas sector could generate a cash windfall of US$495 billion in 2026 if Brent...